Exodus wallet posts 80% rise in Q2 revenue with $9.6M in losses
Exodus operating revenue in Q2 2024 was primarily driven by the wallets exchange aggregation service, which netted $19.9 million.
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Exodus operating revenue in Q2 2024 was primarily driven by the wallets exchange aggregation service, which netted $19.9 million.
Miner revenues serve as a barometer for the overall state of the Bitcoin ecosystem, reflecting the delicate balance between mining costs, Bitcoin price, and network difficulty. Since Apr. 24, miner revenue has consistently been below its 365-day simple moving average (SMA), with only two brief exceptions in early June. This prolonged period of below-average revenue […]
The post Puell Multiple drops as miner revenues hit 10-month low appeared first on CryptoSlate.
Bitcoin miners daily revenue hit a new yearly low of $2.5 million, but strategic overhauls keep some companies profitable amid industry challenges.
According to the report, all parties involved have agreed to settle the charges without admitting or denying the SECs findings
After ducking Mark Zuckerberg, Musk has now agreed to fight 61-year-old Nicolas Maduro on live TV.
The blockchain platforms revenue declined during the first half of 2024, and its head ambassador has called for its tokens inflation rate to be lowered.
Miner revenue per exahash measures miners’ daily income relative to their contribution to the network’s hash rate, showing how much miners earn per unit of computational power they contribute. This metric is important because it reflects the profitability and economic viability of Bitcoin mining, directly influencing decisions on resource allocation, investment, and operational strategies. Given […]
The post Bitcoin miners diversify and consolidate to survive revenue drop appeared first on CryptoSlate.
Discover how blockchain technology is revolutionizing the payments sector, offering new revenue streams and efficiency gains for businesses. (Read More)
Core Scientific is well-positioned to take advantage of new opportunities at its mining facilities.
IRB official Datuk Abu Tariq Jamaluddin warns crypto traders to declare taxes or face compliance actions.
Coinbase, a leading cryptocurrency exchange, reported a significant drop in revenue for the first quarter of the year, missing earnings expectations. Despite the ongoing volatility in the digital asset market, Coinbase experienced a decline in revenue in the double digits compared to the previous quarter. The company cited several factors contributing to the decline in [...]
Core Scientific, a prominent blockchain and AI company, reported a significant shortfall in Q1 revenue despite posting a remarkable $580 million profit for the same period. This unexpected discrepancy has surprised many industry experts and analysts who were expecting higher revenue figures based on the company’s previous performance. The company’s impressive profit margin can be [...]
Daily revenue from Bitcoin mining dropped to under $3 million from the previous daily average of roughly $6 million in the first four months of 2024.
Prosecution counsel Moses Idehu requested a brief stand-down of the case, seeking to temporarily adjourn the matter later to resolve the issue.
Kraken, the popular cryptocurrency exchange platform, has officially confirmed its acquisition of NinjaTrader. This strategic move comes as Kraken continues to experience significant growth in its revenue in the first quarter. NinjaTrader, a leading trading software provider, is known for its advanced tools and technology that cater to professional traders and investors. By integrating NinjaTrader [...]
Stronghold announced its first quarter results for 2024 and revealed that it is considering a range of options to increase shareholder value including selling the business.
The first-quarter revenue of Bitdeer has dropped by 40% compared to the previous year. The decline can be attributed to various factors affecting the cryptocurrency mining industry, such as market fluctuations and regulatory changes. Despite this decrease, Bitdeer remains committed to providing efficient and reliable mining services to its customers. Cryptocurrency mining is a complex [...]
Despite generating hundreds of thousands of dollars in daily fees, Runes has only surpassed $1 million in total fees twice in the last 12 days.
UK-based fintech Revolut, known for its crypto-friendly services, experienced issues with its annual report for 2021, despite reporting its first-ever full year of profit. Independent auditors confirmed the report’s accuracy, but noted certain qualifications related to the report. (Read More)
Twitter users can now monetize their content via a new subscription service, allowing creators to charge followers a monthly fee for access to exclusive content. Twitter has partnered with Stripe to payout creators and will take a 3% cut up to $50,000, after which the revenue split drops to 80%. The feature is part of Tesla CEO Elon Musk’s ongoing effort to revamp the social media platform, which includes using artificial intelligence to detect and deter misinformation. (Read More)
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